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Local shares tally 6th losing day as BW Resources remains focus.
Share prices sank to a two-month low yesterday, spooked by controversies regarding alleged price rigging as well as burdened by the lack of positive news, brokers said.
The 33-share Philippine Stock Exchange composite index (Phisix) slumped for the sixth straight session by 1.33%, or 25.24 points, to 1,869.71, its lowest since Dec. 16, 1998.
The broader All Shares index, meanwhile, slipped 4.59 points, or 0.71%, to 643.86.
Market turnover slightly broadened 26.55% to P2.152 billion. Paper deliveries, meanwhile, thinned 5% to 6.26 billion shares.
Losers outnumbered gainers 53 to 49 while the prices of 53 issues were unchanged.
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- Megaworld opts to stick it out with BW Resources.
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Magazine article from: BusinessWorld (Philippines)
Flores, Shirley L.
February 24, 2000
700+ words
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- BW Resources sees earnings to reach P12B.
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Magazine article from: BusinessWorld (Philippines)
November 15, 1999
700+ words
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- BW Resources stages rebound; a last hurrah?
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Magazine article from: BusinessWorld (Philippines)
Sanchez, Ma. Elizabeth L.
January 24, 2000
700+ words
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- New BW Resources prexy aims to restore 'credibility'.
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Magazine article from: BusinessWorld (Philippines)
Yap, Cecille E.
March 20, 2000
700+ words
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- BW Resources finalizes gaming firm acquisition.
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Magazine article from: BusinessWorld (Philippines)
Yap, Cecille E.
December 17, 1999
700+ words
